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Anthem hack will shake up market for cyber risk insurance
The cyberattack on Anthem, which affected 80 million people, likely won’t do immediate financial damage to Anthem’s bottom line because it had cybersecurity insurance coverage, J.P. Morgan Securities analyst Justin Lake said Thursday.
What the attack will do is impact the market for such cyber security insurance for healthcare providers, payers and others. Small and medium-sized healthcare organizations that have not considered such coverage may now do so, while insurers will be re-evaluating underwriting standards and likely premium levels in the wake of the Anthem attack, insurance experts said…Read More